Swiss To Resume Uptrend?
Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
market’s opening. Therefore, overnight events may alter the
outcome of these observations.
The March Swiss franc
(
SFH1 |
Quote |
Chart |
News |
PowerRating) still looks
like it has the potential to resume its strong uptrend. Look for buying
opportunity here, but as always, wait for follow-through to the upside.
face=”Arial, Helvetica”>
February heating oil
(
HOG1 |
Quote |
Chart |
News |
PowerRating) is
consolidating at lower levels and looks like it has the potential to resume its
downtrend. Look for a shorting opportunity here.
Looking Ahead
March feeders
(
FCH1 |
Quote |
Chart |
News |
PowerRating) may be rolling over and may set up sometime next week.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
P.P.S. Enjoy your holiday!
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